Newb question: I’ve heard a lot about never selling your BTC and borrowing against it. I like the idea considering I don’t have much. How exactly would that work?

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Not to mention aa the cycle continues banks and other institutions will realize it’s pristine collateral (no debts against it) and a bearer asset. Banks will definitely lend against it going forwards.

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Hopefully bringing the rates down. I have credit cards with lower APRs, not to mention home equity (which obviously isn't an option for everyone).

@OP my blockfi offer on a btc loan with 35% LTV is 7.9%. 50% ltv is 9.5%. minimum loan for both is $10k, so you need at least $20k worth of btc (and the ability to add if the price falls too much).

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Certain companies offer loans against your btc as collateral. Coinbase and BlockFi are a few that offer this. You post btc as collateral and maintain a certain LTV to keep a certain interest rate.

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Just saying... 🤷🏾‍♂️

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Diamond hands, peeps.

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